High Tide Stock Analysis
| HITI Stock | CAD 4.39 0.09 2.01% |
High Tide is fairly valued with Real Value of 4.25 and Hype Value of 4.76. The main objective of High Tide stock analysis is to determine its intrinsic value, which is an estimate of what High Tide is worth, separate from its market price. There are two main types of High Tide's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect High Tide's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of High Tide's stock to identify patterns and trends that may indicate its future price movements.
The High Tide stock is traded in Canada on TSX Venture Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. High Tide is usually not traded on Canada Day, Civic Holiday, Labour Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. High Stock trading window is adjusted to America/Toronto timezone.
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High Stock Analysis Notes
The book value of the company was currently reported as 1.8. The company recorded a loss per share of 0.41. High Tide had not issued any dividends in recent years. The entity had 1:15 split on the 13th of May 2021. High Tide Inc. operates as a vertically-integrated company in the cannabis market in Canada, the United States, and internationally. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada. HIGH TIDE operates under Pharmaceutical Retailers classification in Exotistan and is traded on Commodity Exchange. To learn more about High Tide call Harkirat Grover at 403 770 9435 or check out https://www.hightideinc.com.High Tide Quarterly Total Revenue |
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High Tide Investment Alerts
| High Tide appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 487.67 M. Net Loss for the year was (40.95 M) with profit before overhead, payroll, taxes, and interest of 100.95 M. | |
| Latest headline from news.google.com: Atb Cap Markets Estimates High Tide FY2025 Earnings - MarketBeat |
High Largest EPS Surprises
Earnings surprises can significantly impact High Tide's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-09-14 | 2023-07-31 | -0.05 | -0.04 | 0.01 | 20 | ||
2023-01-30 | 2022-10-31 | -0.07 | -0.06 | 0.01 | 14 | ||
2024-03-15 | 2024-01-31 | -0.02 | -0.004 | 0.016 | 80 |
High Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 354.17 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate High Tide's market, we take the total number of its shares issued and multiply it by High Tide's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.High Profitablity
High Tide's profitability indicators refer to fundamental financial ratios that showcase High Tide's ability to generate income relative to its revenue or operating costs. If, let's say, High Tide is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, High Tide's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of High Tide's profitability requires more research than a typical breakdown of High Tide's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.06) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.03 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.03. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.35) | (0.37) | |
| Return On Capital Employed | (0.21) | (0.22) | |
| Return On Assets | (0.19) | (0.20) | |
| Return On Equity | (0.34) | (0.36) |
Management Efficiency
High Tide has return on total asset (ROA) of 0.0315 % which means that it generated a profit of $0.0315 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1988) %, meaning that it generated substantial loss on money invested by shareholders. High Tide's management efficiency ratios could be used to measure how well High Tide manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.37 in 2024. Return On Capital Employed is likely to drop to -0.22 in 2024. At this time, High Tide's Total Assets are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 13.1 M in 2024, whereas Other Assets are likely to drop slightly above 3.1 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.62 | 1.70 | |
| Tangible Book Value Per Share | 0.37 | 0.38 | |
| Enterprise Value Over EBITDA | (52.11) | (49.51) | |
| Price Book Value Ratio | 1.01 | 0.78 | |
| Enterprise Value Multiple | (52.11) | (49.51) | |
| Price Fair Value | 1.01 | 0.78 | |
| Enterprise Value | 171.3 M | 136.8 M |
The operational strategies employed by High Tide management play a crucial role in its market positioning. Assessing these strategies alongside financial data helps us evaluate the stock's investment potential.
Operating Margin 0.0341 | Profit Margin (0.06) | Beta 0.996 | Return On Assets 0.0315 | Return On Equity (0.20) |
Technical Drivers
As of the 30th of December, High Tide retains the Risk Adjusted Performance of 0.1792, market risk adjusted performance of 1.73, and Downside Deviation of 2.93. High Tide technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out High Tide downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if High Tide is priced fairly, providing market reflects its last-minute price of 4.39 per share.High Tide Price Movement Analysis
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High Tide Outstanding Bonds
High Tide issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. High Tide uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most High bonds can be classified according to their maturity, which is the date when High Tide has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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High Tide Predictive Daily Indicators
High Tide intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of High Tide stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
High Tide Forecast Models
High Tide's time-series forecasting models are one of many High Tide's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary High Tide's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About High Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how High Tide prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling High shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as High Tide. By using and applying High Stock analysis, traders can create a robust methodology for identifying High entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (0.11) | (0.12) | |
| Operating Profit Margin | (0.10) | (0.10) | |
| Net Loss | (0.09) | (0.10) | |
| Gross Profit Margin | 0.31 | 0.41 |
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding High Tide to your portfolios without increasing risk or reducing expected return.Did you try this?
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Additional Tools for High Stock Analysis
When running High Tide's price analysis, check to measure High Tide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy High Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to predict the probability of High Tide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.